COTY partnered with Kylie Jenners’ brand of products. They purchased 51% of the company at the end of Q4 2019. Recently, with current market conditions we’ve seen a dip. After some reading it seems like they’re heavily reliant on e-commerce which is good given the current state of things. From what I see they bought 51% of the brand for 600M and it’s apparently valued at 1.2B. Coty also carriers other big brands like Rimmel, Covergirl, etc. With new lows I was wondering if it would be a good time to buy. A significant jump in price this morning.
High Dividend yield – 13.33% – Red flag??
